If you own a cross border eCommerce in China right now, your customer in China need one extra step when they place orders on your site. Starting earlier this year, China eCommerce shoppers are requested to validate their Chinese ID when shopping on cross border eCommerce sites. More exactly, they must use real name, 18-digit …
It is official now. The UK has voted to leave the European Union. The whole process of withdrawal will probably take two years, but it’s certain that “Brexit” will even affect the cross border ecommerce industry in China. Below will explain how. Great news for Chinese Customers You can already see the Brexit impact on …
Since more Chinese consumers are pursuing a higher standard of living and is exposed to foreign products, cross border eCommerce is a rising business right now in China market. It is estimated that more than 15 percent of the Chinese population would make cross border eCommerce purchases worth US$85.76 billion in 2016. This was expected …
We reported the news that parts of the new tax policies for cross border eCommerce retail imports are most likely to be postponed for a year. On May 24th, it became official: Chinese Customs Department issued the latest document, which confirmed the news. More exactly, customs clearance certificates for imported goods can be exempted until many …
Chinese shoppers can’t seem to get enough of Japanese products:during 2015‘s Chinese New Year holiday, Chinese tourists spent roughly $1 billion in Japan. Meanwhile, more Japanese companies are targeting China eCommerce to expand their sales, since Chinese shoppers are getting used to online shopping. Japanese drugstore and pharmacy company Kirindo launched its eCommerce platform on …
To all the cross border eCommerce retailers in China, the new tax policies for cross-border eCommerce retail imports announced last month brought mixed feelings since it raised import tariffs and set a limitation on imported goods via eCommerce. On May 20th, good news came in, finally: parts of the new regulation will be postponed for a …
For any eCommerce business, shopping cart abandonment could be one of the worst nightmares — when shoppers put products in their online shopping carts, but then leave before placing the order, eCommerce retailers could lose millions just because of that. Studies show that 67.89 percent of online shopping carts are abandoned. When it comes to …
For cross border eCommerce in China, do you know what is a “typical” Chinese shopper? Furthermore, how do those shoppers differ from general eCommerce customers in China? According to the latest data from iResearch, we find out the demographics about China cross border eCommerce customers. The average China cross border eCommerce shopper is an aged 26-40 male …
For every foreign business eyeing China eCommerce market, to understand Chinese customer’s behavior and expectation is the task at hand. Especially during this digital era, in which ways are these digital-savvy customers changing the whole China eCommerce? Earlier this month, worldwide management consulting firm McKinsey released a survey (How savvy, social shoppers are transforming Chinese e-commerce) which examined …
Cross border business is never easy, especially in China: It’s still early April in 2016, but already 3 foreign brands have given up China market this year. According to estimates, around 48% of foreign businesses fail in China within 2 years of entering the market, an astoundingly high figure. We put these “sad news” together …